Depreciation u/s 32

Varun (student) (90 Points)

26 June 2014  

There has been opening WDV in the block of Assets (Plant and Machinery) in the Previous Year.In that block only one machinery exist. During the Previous Year Machinery has been sold (used for more than 180 days) and  after.somedays purchased a new machinery (used less than 180 days)

How will the Depreciation be calculated , for simplicity suppose the figures are "

Opening WDV = 425000

Sales              = 320000 ( 03.10.2013)

Purchases      = 400000 (8.10.2013)

What will be Depreciaton charged as per Income tax Act